Trade as a share of GDP in Latvia
Latvia: Trade as a share of GDP was 129.7% in 2025. ▲ Rising
Trade as a share of GDP in Latvia, 1995–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for trade as a share of gdp in Latvia is 129.7%, measured in 2025.
That represents a change of down 1.2% on the previous year and up 2.6% over ten years.
Over the whole period, trade as a share of gdp in Latvia peaked at 159.9% in 2022 and was at its lowest, 76.2%, in 1995.
Latvia ranks 38th of 191 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Trade as a share of GDP in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 76.2% | — |
| 1996 | 92.6% | +21.4% |
| 1997 | 90.9% | -1.8% |
| 1998 | 93.0% | +2.3% |
| 1999 | 82.2% | -11.7% |
| 2000 | 83.6% | +1.8% |
| 2001 | 88.2% | +5.5% |
| 2002 | 86.0% | -2.5% |
| 2003 | 88.6% | +3.0% |
| 2004 | 97.2% | +9.8% |
| 2005 | 104.5% | +7.5% |
| 2006 | 105.7% | +1.1% |
| 2007 | 100.9% | -4.6% |
| 2008 | 95.8% | -5.1% |
| 2009 | 88.8% | -7.2% |
| 2010 | 110.9% | +24.8% |
| 2011 | 129.7% | +17.0% |
| 2012 | 133.2% | +2.7% |
| 2013 | 129.7% | -2.7% |
| 2014 | 130.0% | +0.3% |
| 2015 | 126.4% | -2.8% |
| 2016 | 123.3% | -2.4% |
| 2017 | 128.7% | +4.4% |
| 2018 | 128.2% | -0.4% |
| 2019 | 125.3% | -2.3% |
| 2020 | 123.9% | -1.1% |
| 2021 | 136.8% | +10.4% |
| 2022 | 159.9% | +16.9% |
| 2023 | 135.6% | -15.2% |
| 2024 | 131.3% | -3.2% |
| 2025 | 129.7% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 87.0% | 76.2% | 93.0% | 5 |
| 2000s | 93.9% | 83.6% | 105.7% | 10 |
| 2010s | 126.5% | 110.9% | 133.2% | 10 |
| 2020s | 136.2% | 123.9% | 159.9% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
Frequently asked questions
- What is trade as a share of gdp in Latvia?
- Trade as a share of gdp in Latvia was 129.7% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest trade as a share of gdp recorded in Latvia?
- The highest recorded value was 159.9% in 2022.
- What is the lowest trade as a share of gdp recorded in Latvia?
- The lowest recorded value was 76.2% in 1995.
- How does Latvia rank for trade as a share of gdp?
- Latvia ranks 38th out of 191 countries with data for 2025.
- Is trade as a share of gdp rising or falling in Latvia?
- Over the last ten years it is up 2.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Trade as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Trade in goods and services as a share of GDP, shown as a percentage.